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Seller apparently feels "moral obligation" to buyer he's accepted offer from, but if we go higher he may switch to us...
Very moral
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Whoa, that sounds tough - where is the market that bad?! (This does not fill me with hope as we were hoping to buy soon ish too...)
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At the last count it's now more than 10 houses we've offered on since October which have failed for one reason or another.
I don't know why your more than 10 offers haven't worked out - they may all have been completely out of your control - but London is a febrile seller's market at the moment.
Find somewhere you really want, then offer as much as you can afford to/bear, then hope it's enough. If it doesn't make you feel a bit sick, it's probably not enough.
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Dont worry, Ive missed out on so much and then covid hit and now I'm holding out but they sound like dicks and shock horror EA are at it as bloody usual.
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@nankatsu
Today's fun house-hunting news:
Called Agent to say we're interested in property we saw yesterday afternoon.
They say we need to make offer by close of play today or seller will go with an existing offer.
After a 5min think, call EA back and make offer slightly higher than existing one.
Send confirmation by email pointing out our buyers are chain free and keen to move quickly.
An hour later EA's boss calls back and says there was a "mix up" (they didn't tell seller in time) and the seller has gone with the earlier lower offer...
Seller apparently feels "moral obligation" to buyer he's accepted offer from, but if we go higher he may switch to us...
We have another think and realise it's just fishing and clearly they have no morals if they are contemplating switching anyway.
We tell EA the seller needs to give counter offer and we'll consider it.
Seller then decides to stay with original buyer.
At the last count it's now more than 10 houses we've offered on since October which have failed for one reason or another.
My wife genuinely feels we won't be able to buy somewhere right now...